{"html":"<iframe src=\"https://hatenablog-parts.com/embed?url=https%3A%2F%2Fkyorosukeke.hatenablog.com%2Fentry%2F2025%2F11%2F21%2F001612\" title=\"\u30d0\u30d5\u30a7\u30c3\u30c8\uff06\u30de\u30f3\u30ac\u30fc\u306e&quot;\u9577\u3044\u6ed1\u8d70\u8def&quot;\u6982\u5ff5\u306e\u7406\u8ad6\u7684\u5b9a\u5f0f\u5316\u3068\u5b9f\u8df5\u7684\u542b\u610f - \u3068\u3042\u308b\u6295\u8cc7\u5bb6\u306e\u5b66\u7fd2\u5e33\" class=\"embed-card embed-blogcard\" scrolling=\"no\" frameborder=\"0\" style=\"display: block; width: 100%; height: 190px; max-width: 500px; margin: 10px 0px;\"></iframe>","author_url":"https://blog.hatena.ne.jp/kyorosukeke/","type":"rich","published":"2025-11-21 00:16:12","url":"https://kyorosukeke.hatenablog.com/entry/2025/11/21/001612","provider_url":"https://hatena.blog","width":"100%","blog_url":"https://kyorosukeke.hatenablog.com/","image_url":null,"title":"\u30d0\u30d5\u30a7\u30c3\u30c8\uff06\u30de\u30f3\u30ac\u30fc\u306e\"\u9577\u3044\u6ed1\u8d70\u8def\"\u6982\u5ff5\u306e\u7406\u8ad6\u7684\u5b9a\u5f0f\u5316\u3068\u5b9f\u8df5\u7684\u542b\u610f","blog_title":"\u3068\u3042\u308b\u6295\u8cc7\u5bb6\u306e\u5b66\u7fd2\u5e33","categories":[],"provider_name":"Hatena Blog","description":"\u6982\u5ff5\u306e\u8d77\u6e90\u3068\u5b9a\u7fa9 \u300c\u9577\u3044\u6ed1\u8d70\u8def\uff08long runway\uff09\u300d\u306f\u3001\u30d0\u30d5\u30a7\u30c3\u30c8-\u30de\u30f3\u30ac\u30fc\u304c\u4f01\u696d\u306e\u6301\u7d9a\u7684\u4fa1\u5024\u5275\u9020\u529b\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306b\u7528\u3044\u308b\u4e2d\u5fc3\u7684\u6982\u5ff5\u3067\u3042\u308b\u3002\u30d0\u30d5\u30a7\u30c3\u30c8\u306f1995\u5e74\u306e\u682a\u4e3b\u66f8\u7c21\u306b\u304a\u3044\u3066Geico\u3092\u300c\u5f37\u56fa\u306a\u7af6\u4e89\u512a\u4f4d\u6027\u3068\u53ce\u76ca\u6027\u3042\u308b\u6210\u9577\u306e\u305f\u3081\u306e\u9577\u3044\u6ed1\u8d70\u8def\u3092\u6301\u3064\u771f\u306e\u30b3\u30f3\u30d1\u30a6\u30f3\u30c0\u30fc\uff08compounder\uff09\u300d\u3068\u8868\u73fe\u3057\u3001\u3053\u306e\u6982\u5ff5\u3092\u660e\u793a\u7684\u306b\u6295\u8cc7\u5224\u65ad\u306e\u67a0\u7d44\u307f\u3068\u3057\u3066\u4f4d\u7f6e\u3065\u3051\u305f\u3002 Long runway\u3068\u306f\u3001\u4f01\u696d\u304c\u9ad8\u3044\u8cc7\u672c\u53ce\u76ca\u7387\uff08ROIC\uff09\u3092\u7dad\u6301\u3057\u306a\u304c\u3089\u3001\u7a3c\u5f97\u3057\u305f\u5229\u76ca\u3092\u540c\u7b49\u4ee5\u4e0a\u306e\u30ea\u30bf\u30fc\u30f3\u3067\u518d\u6295\u8cc7\u3067\u304d\u308b\u6a5f\u4f1a\u304c\u9577\u671f\u9593\u5b58\u5728\u3059\u308b\u72b6\u614b\u3092\u6307\u3059\u3002\u6570\u5f0f\u7684\u306b\u306f\u3001\u4f01\u696d\u306e\u672c\u8cea\u7684\u4fa1\u5024\u306e\u6210\u9577\u7387\u306f\u518d\u6295\u8cc7\u7387\u00d7\u5897\u5206ROIC\u3067\u8868\u3055\u308c\u3001long ru\u2026","author_name":"kyorosukeke","version":"1.0","height":"190"}